Lakeland Dairies is a successful global provider of the finest dairy products. As a farmer owned dairy co-operative, our mission is to promote the long term future success of dairy farming, to meet the needs of our deeply valued customers worldwide, and to provide the best possible returns from the market to our milk producers.

Serving 3,200 farm families across 16 counties, north and south, Lakeland Dairies processes 1.9 billion litres of milk a year into a wide range of dairy food ingredients, foodservice and consumer products, made in 8 technologically advanced processing facilities with the highest levels of efficiency.

We export over 95% of all locally produced milk that we collect and we market over 240 different branded products worldwide. We are committed to the sustainability of our dairy farming community, through the progress and success of our business, and in achieving this ambition we will always protect the beautiful, natural environment in which we operate.

Lakeland Dairies Group Revenues: €1.09bn

Lakeland Dairies achieved record revenues which increased by over 5.7% to €1.09bn across its four operating divisions of Food Ingredients, Foodservice, Consumer Foods and Agribusiness, up by €59.3m on the prior year figure of €1.03bn.

This yielded an operating profit of €26m, up by €5.6m (+27%) and EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) of €50.5m, which increased by €7.6m.

The co-operative paid a competitive milk price to our dairy farmers throughout the year.

Lakeland Dairies closed the year with a further strengthened balance sheet including Shareholders’ Funds of €207.7m.

Food Ingredients Division Revenues: €691.0m

Food Ingredient revenues increased by 18% to €691.0m, based on consistently strong demand for the co-operative’s functional and enriched powders, proteins and dairy fats throughout the year.  Lakeland Dairies produced over 250,000 tonnes of powders and butter in 2020.

Foodservice Division Revenues: €181.7m

Foodservice revenues of €181.7m came in higher than expected in a very challenging year, albeit retracting by 24% on the prior year, given the exceptionally difficult market conditions experienced by this sector as a result of the pandemic.

Consumer Foods Division Revenues: €145.9m

Consumer Foods had a buoyant year in line with an uplift in overall grocery market growth levels, with revenues of €145.9m

Agribusiness Division (Lakeland Agri) Revenues: €75.8m

Lakeland Agri increased revenues by 4.7% to €75.8m for the year, based on a strong performance with feed sales volumes of 220,000 tonnes (an increase of just over 4.7%) and fertiliser sales steady at 27,000 tonnes, similar to the prior year.

Long Term Sustainability

Aligned to our business achievements, Lakeland Dairies further consolidated the benefits of the Lakeland LacPatrick merger of 2019, achieving ongoing organisational, operational and administrative efficiencies and contributing to overall economies of scale, value creation and long term sustainability for our milk producers, north and south.

All of our initiatives are focused on serving the long term sustainability of our farm families while working in partnership with our customers throughout the world. We have excellent facilities using advanced systems and technologies. We continue to invest in our innovation capacity, new products and new ways to market. We have long term, loyal and deeply valued customers and we have the scale we require to continue to compete successfully on a global basis.

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